ABLE Age Adjustment Act
Latest action · Mar 5, 2019 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 5, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
ABLE Age Adjustment Act
This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Mar 5, 2019 to Nov 10, 2020; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Chris Van Hollen | Original | Mar 5, 2019 |
| R-KS | Jerry Moran | Original | Mar 5, 2019 |
| R-KS | Pat Roberts | Original | Mar 5, 2019 |
| R-PA | Patrick J. Toomey | Mar 26, 2019 | |
| D-IL | Tammy Duckworth | Mar 27, 2019 | |
| D-OR | Ron Wyden | Apr 2, 2019 | |
| R-AK | Lisa Murkowski | Apr 10, 2019 | |
| D-OH | Sherrod Brown | Apr 11, 2019 | |
| D-CT | Richard Blumenthal | Apr 29, 2019 | |
| D-NH | Margaret Wood Hassan | May 15, 2019 | |
| D-RI | Sheldon Whitehouse | May 15, 2019 | |
| D-MN | Amy Klobuchar | May 21, 2019 | |
| D-WI | Tammy Baldwin | Jun 11, 2019 | |
| D-VT | Patrick J. Leahy | Jun 26, 2019 | |
| D-RI | Jack Reed | Jul 17, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 5, 2019 |
Actions 2
Everything that happened, newest first.
- Mar 5, 2019Introduced in Senate
- Mar 5, 2019Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 331 | ABLE Age Adjustment Act | Reintroduced Bill | Feb 22, 2021 |
| S 817 | ABLE Age Adjustment Act | Reintroduction of | Apr 4, 2017 |
| HR 1814 | ABLE Age Adjustment Act | Identical bill | Mar 18, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for qualified ABLE programs.
- Short Title(s) as Introduced
- ABLE Age Adjustment Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 5, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
